Wesbanco Bank Inc. lowered its position in Stifel Financial Corp. (NYSE:SF - Free Report) by 38.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,600 shares of the financial services provider's stock after selling 19,693 shares during the quarter. Wesbanco Bank Inc.'s holdings in Stifel Financial were worth $3,352,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of SF. Waldron Private Wealth LLC acquired a new stake in Stifel Financial during the 3rd quarter valued at $34,000. GAMMA Investing LLC increased its holdings in Stifel Financial by 27.7% during the 3rd quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider's stock valued at $47,000 after purchasing an additional 109 shares in the last quarter. Versant Capital Management Inc increased its holdings in Stifel Financial by 46.5% during the 4th quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider's stock valued at $48,000 after purchasing an additional 145 shares in the last quarter. UMB Bank n.a. boosted its position in Stifel Financial by 36.6% in the 3rd quarter. UMB Bank n.a. now owns 870 shares of the financial services provider's stock valued at $82,000 after buying an additional 233 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its position in Stifel Financial by 148.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,201 shares of the financial services provider's stock valued at $113,000 after buying an additional 717 shares during the last quarter. 82.01% of the stock is owned by institutional investors and hedge funds.
In other Stifel Financial news, COO David D. Sliney sold 25,000 shares of the business's stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $116.18, for a total transaction of $2,904,500.00. Following the completion of the transaction, the chief operating officer now directly owns 159,619 shares in the company, valued at $18,544,535.42. The trade was a 13.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.57% of the stock is currently owned by corporate insiders.
A number of research analysts have commented on the company. The Goldman Sachs Group increased their price objective on Stifel Financial from $85.00 to $94.00 and gave the company a "neutral" rating in a research report on Thursday, September 26th. JMP Securities lifted their price target on Stifel Financial from $105.00 to $110.00 and gave the company a "market outperform" rating in a research note on Wednesday, October 9th. StockNews.com downgraded Stifel Financial from a "buy" rating to a "hold" rating in a research note on Thursday, October 3rd. Wells Fargo & Company dropped their price target on Stifel Financial from $130.00 to $128.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 14th. Finally, TD Cowen lifted their price target on Stifel Financial from $100.00 to $105.00 and gave the company a "hold" rating in a research note on Thursday, October 24th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Stifel Financial presently has an average rating of "Hold" and an average price target of $107.14.
Read Our Latest Research Report on SF
NYSE:SF opened at $115.04 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82. The stock's 50-day simple moving average is $110.71 and its 200 day simple moving average is $98.33. The company has a market cap of $11.77 billion, a P/E ratio of 20.80 and a beta of 1.11. Stifel Financial Corp. has a 52-week low of $69.99 and a 52-week high of $119.12.
Stifel Financial (NYSE:SF - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.60 by ($0.10). Stifel Financial had a return on equity of 14.92% and a net margin of 12.98%. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the prior year, the firm earned $0.60 EPS. The company's revenue was up 17.2% on a year-over-year basis. As a group, sell-side analysts forecast that Stifel Financial Corp. will post 6.54 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date was Monday, December 2nd. Stifel Financial's dividend payout ratio is presently 30.38%.
Stifel Financial Corp., a financial services and bank holding company, provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the United States and internationally. It operates in three segments: Global Wealth Management, Institutional Group, and Other.
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